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20130819
20130819
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, last hour of trading. let's focus on u.s. treasury yields, marching upwards picking up where they left off friday. the ten-year at the high point, there it is, 2.89%. that is the highest level since july of 2011. now, the benchmark yield nearly doubled since may as investors grapple with when and how the feds' asset buying tapers the market. will businesses and stocks start to get hurt? keeping confidence in u.s. markets is the subject of president obama's meeting going on right now in washington on regulatory reform. the president urges top financial regulators to implement the dodd-frank reforms, and there's more than a thousand that have yet to be enacted despite being passed in congress way back in 2010. we need to get to jpmar begin, in the cross hairs of the u.s. government, this time, nothing to do with the $6 billion london wale trading scandal or complex electricity contracts. look at the stock. it is one of the laggards of the dow jones industrials. now, according to the new york times, this time it's about the bank's practice of hiring the kids of powerful chinese officials.
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